Investments

Monday, November 7th 2022 - 10:00 UTC
Royal Navy's Type 26s delayed by a year at an extra cost of £233m

UK Secretary of Defense Ben Wallace told MPs in a statement that Initial Operating Capability (IOC) for the Type 26s – dubbed the workhorses of the warship fleet – will now be reached in October 2028 instead of the planned October 2027, and with a cost growth of £233million.
Saturday, November 5th 2022 - 10:11 UTC
Half of Twitter workers to lose their jobs under Musk

Twitter workers found out Friday that their jobs were on the line as they were told not to go to the office and stay at home because all access cards had been suspended.
Friday, November 4th 2022 - 10:15 UTC
Argentine carmakers report inter-annual progress

Despite the lack of auto parts and other foreign inputs due to government restrictions aimed at keeping US dollars within the Central Bank's reserves, Argentina's carmaking industry grew 27.8% year-on-year in October, it was reported in Buenos Aires.
Friday, November 4th 2022 - 09:50 UTC
Uruguay's advantages for technology development “to attract talent,” Lacalle said

Uruguay's President Luis Lacalle Pou Thursday underscored during an Inter-American Development Bank (IDB) event in Punta del Este his country's advantages for investments to keep flowing in.
Thursday, November 3rd 2022 - 20:37 UTC
Argentina's timber industry risks closure due to lack of foreign inputs

The Argentine Chamber of the Wood Industry (CAIMA) has warned that local producers may soon be forced to halt all activity due to the lack of imported inputs stemming from the restrictions imposed by President Alberto Fernández's administration on purchases abroad.
Wednesday, November 2nd 2022 - 10:03 UTC
Uruguayan exports fall for the 2nd month in a row

Uruguayan exports in the month of October 2022 totaled US$ 842 million, which represented a 6% year-on-year drop, it was reported Tuesday in Montevideo.
Wednesday, November 2nd 2022 - 09:17 UTC
Bank of England begins QE “tightening”; first successful sale of £750 million bonds

The Bank of England sold on Tuesday £750 million worth of UK government bonds from its quantitative easing stockpile. It was the first Western central bank to do so and received a solid demand from investors at its first auction to sell government bonds from its £838 billion pound quantitative easing portfolio.
Saturday, October 29th 2022 - 10:36 UTC
A mind blowing donation to the Falklands Museum and a remarkable letter from 1914

Friends of Falkland Islands Museum and Archives (FIMA) have donated £225,000 to the museum in recent months, to go towards the costs of building the new Lookout Gallery.
Friday, October 28th 2022 - 09:41 UTC
Musk finally takes over Twitter and sacks many top executives

South African entrepreneur Elon Musk Thursday agreed to buy Twitter for US$ 44 billion and sacked many top executives as his first move proving he was in charge of the social media platform.
Thursday, October 27th 2022 - 19:33 UTC
Zuckerberg loses millions as Meta's stock plummets

Meta's stock fell 23% Thursday after the third quarter's results were released. The data showed the Reality Labs division (which encompasses its VR, XR, and Metaverse) posted US$ 3.7 billion in operating losses.